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Compass that Steers Corporate Excellence, Ensuring Effective Governance, Strategic Decision Making & Accountability
Our Board Evaluation Service offers comprehensive and customised assessments to enhance the performance and effectiveness of boards of directors. With a tailored approach, IOD conducts objective and independent evaluations of board composition, structure, roles, and processes. The service provides actionable recommendations to drive positive change and improve governance practices. The experienced professionals and Expert panel at IOD deliver thorough assessments, identify areas for improvement, and offer expert guidance and support throughout the implementation process.
Maintaining the utmost confidentiality, IOD ensures trust and privacy for all stakeholders involved. By partnering with IOD for Board Evaluation Services, organisations gain access to unbiased insights, strategic recommendations, and a commitment to fostering strong and accountable boards. With IOD's expertise and guidance, boards can make informed decisions, strengthen their governance practices, and drive sustainable success.
Board Evaluations have grown in importance as governance and regulatory frameworks around the world have developed as a means of measuring and enhancing board performance. Performance-focused boards have created effective processes to assess the performance each and every director and the performance of the board as a whole.
Many of the progressing boards today are working with External Advisors on these evaluations and are searching for a wide-ranging, unbiased opinion.
Companies are already required by the UK Corporate Governance Code to conduct an externally facilitated effectiveness review once every three years, and this requirement is widely regarded in other jurisdictions (including Australia, Brazil, France, India, and Japan) as a sign of a board's emphasis on continuous improvement
| Governance Area | Requirements by countries | USA (Full CII - ‘The Council of Institutional Investors’ Corporate Governance Policies) | UK (The UK Corporate Governance Code) | China (Provisional Code of Corporate for Securities Companies | Australia (Corporate Governance Principles and Recommendations: 3rd Edition) | Austria (Austrian Code of Corporate Governance – July 2012) | Denmark (Recommendations on Corporate Governance November 2014) | Italy (Corporate Governance code July 2015) | France (Corporate governance code of listed corporations) |
| Board Evaluation | Overall comment on the results of Board Evaluation in the annual report | ||||||||
| Board Evaluation | Engagement of External Consultant for Board Evaluation | ||||||||
| Mandatory requirement | Recommended by the respective Corporate Governance codes of the select countries | OECD member countries | |||||||
Our prestigious clientele features some of the world's largest and most successful companies, as evidenced by their top positions in market capitalization rankings. We have played a pivotal role in constructing and nurturing some of the most successful boards globally, enabling them to boost their efficiency, leverage their diverse strengths, and optimize their contributions to companies, shareholders, and society.
